EU Officials Play Down Greek Talk of Deal Soon

TODAY: May 28, 2015 PUB DATE: May 28, 2015

ATHENS—Officials in Athens suggested that talks with Greece's creditors over fresh bailout funds had reached a final stage, though European Union officials said negotiators still had much work to do before sealing a deal. Teams from Greece and its international ...

IRS Data Breach Draws Capitol Hill Scrutiny

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By John D. McKinnon Lawmakers are stepping up their scrutiny of computer security at the Internal Revenue Service in the wake of a serious data breach affecting at least 100,000 households. Sen. Orrin Hatch (R., Utah), the chairman of the ...

Swiss April Exports Slip As Franc Hits Demand

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Neil MacLucas ZURICH--Switzerland's exports declined in April as the strength of the Swiss franc curbed demand in the European Union and the U.S. for its chemicals, pharmaceuticals and watches. Exports in April fell 1.3% from a year earlier, in ...

Weakening Economy Threatens Turkish Government's Election Chances

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Yeliz Candemir And Emre Peker ISTANBUL--As Turkey prepares for June elections, the government's 13-year hold on power is facing a new threat: diminishing faith in its long-trusted economic management. Since coming to power on the heels of a financial ...

Libor Accused Received Help from Boss, Evidence Shows

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By David Enrich LONDON--The man accused of being the ringleader of a global interest-rate-rigging conspiracy received a helping hand from his boss, according to evidence presented in a London trial Thursday. Tom Hayes, a former UBS AG trader in Tokyo, ...

UK First-Quarter Growth Unrevised

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Jon Sindreu and Jason Douglas LONDON--A fresh batch of official data for the U.K. confirmed the economy slowed in the first quarter of the year, scotching hopes growth would be revised up. U.K. gross domestic product rose 0.3% during ...

Singapore's GIC Buys Stake in Brazil's Rede D'Or

TODAY: May 28, 2015 PUB DATE: May 28, 2015

SÃO PAULO—Brazilian investment bank BTG Pactual SA said on Thursday that Singapore's sovereign-wealth fund GIC Pte. Ltd. has agreed to buy an undisclosed stake in local hospital operator Rede D'Or São Luiz. BTG said GIC will pay 1.6 billion Brazilian ...

EU, National Governments Agree Investment Fund

TODAY: May 28, 2015 PUB DATE: May 28, 2015

BRUSSELS—European Union lawmakers and national governments Thursday agreed on legislation to create a €315 billion ($342.9 billion) investment fund, ensuring that one of the EU's main efforts to jump start Europe's weak economy starts financing projects. The investment fund is ...

J&J Accepts Cardinal Health Offer for Heart Business

TODAY: May 28, 2015 PUB DATE: May 28, 2015

Johnson & Johnson said Thursday that it has formally accepted Cardinal Health Inc.'s March offer to buy its heart-product business for about $1.94 billion in cash. J&J; said it accepted the offer after consulting with work councils and trade unions. ...

Court Rejects Apple's Bid to Shake Off Corporate Monitor

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Joe Palazzolo A federal appeals court has rejected Apple Inc.'s efforts to rid itself of a corporate monitor appointed in the wake of a judge's finding the company liable for conspiring to raise the price of e-books. Michael Bromwich, ...

Fed Faults Discover Financial Services for Anti-money-laundering Flaws

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Ryan Tracy WASHINGTON--The Federal Reserve on Thursday faulted Discover Financial Services for deficiencies in its anti-money-laundering program, issuing an enforcement action requiring the bank to step up compliance. The Fed action didn't include monetary penalties against the Riverwoods, Ill.-based ...

Pending Home Sales Hit Highest Level in Nine Years -- Update

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Kate Davidson WASHINGTON--A forward-looking gauge of U.S. home purchases rose for the fourth straight month in April and reached its highest level in nine years--the latest evidence of firming demand in the housing market. The National Association of Realtors ...

Court Rejects Apple's Bid to Shake Off Corporate Monitor -- Update

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Joe Palazzolo A federal appeals court rejected Apple Inc.'s efforts to rid itself of a corporate monitor appointed after a judge found the company liable for conspiring to raise the price of e-books. Michael Bromwich, a former Justice Department ...

Brazil's Senate Clears Second Austerity Bill -- Update

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Paulo Trevisani And Djania Savoldi BRASÍLIA--The Brazilian Senate on Wednesday approved a controversial bill meant to save taxpayer money by reducing pension payments to widows. The measure is part of a broader effort to reduce the government's high debt ...

Brazil's Senate Clears Second Austerity Bill

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Paulo Trevisani And Djania Savoldi BRASÍLIA--The Brazilian Senate on Wednesday approved a controversial bill meant to save taxpayer money by reducing pension payments to widows. The measure is part of a broader effort to reduce the government's high debt ...

Australian Businesses Scale Back Investment Plans, A$ Slumps

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By James Glynn SYDNEY--Australian firms sharply scaled back planned investment over the coming year, as the downturn in mining accelerates and creates a stiff headwind for growth. The Australian dollar shed close to half a U.S. cent as the government ...